Jefferies Financial Group Inc. Buys New Shares in Brookfield Corporation $BN

Jefferies Financial Group Inc. bought a new stake in Brookfield Corporation (NYSE:BN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,119,000 shares of the company’s stock, valued at approximately $51,351,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in shares of Brookfield in the fourth quarter valued at $27,000. Hilltop National Bank grew its stake in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares in the last quarter. Entrust Financial LLC bought a new position in shares of Brookfield in the fourth quarter valued at $35,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Brookfield by 49.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. TD Securities reaffirmed a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Scotiabank reaffirmed an “outperform” rating and set a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 0.2%

BN stock opened at $45.37 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The company has a fifty day moving average price of $43.15 and a two-hundred day moving average price of $44.89. Brookfield Corporation has a one year low of $37.54 and a one year high of $49.56. The stock has a market cap of $111.19 billion, a price-to-earnings ratio of 88.96 and a beta of 1.55.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s payout ratio is presently 54.90%.

Brookfield Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.